MAX Power Mining Corp. Secures C$20.5 Million in Private Placement Led by Eric Sprott for Natural Hydrogen Development

The successful closing of this substantial private placement provides MAX Power with the capital necessary to accelerate its natural hydrogen exploration program. The company plans to allocate the C$20.5 million in gross proceeds toward comprehensive evaluation and development activities at its Lawson Natural Hydrogen discovery in Saskatchewan. These activities will include analytical testing, resource modeling, seismic acquisition, and additional drilling programs designed to better understand and quantify the hydrogen resource.

Eric Sprott's participation as lead investor in this financing round carries particular significance given his reputation as a prominent resource sector investor. His involvement suggests confidence in MAX Power's technical approach and the potential of natural hydrogen as an emerging energy resource. The company has described its Lawson Discovery near Central Butte, Saskatchewan, as Canada's first-ever subsurface natural hydrogen system confirmed through deep drilling, with data validated by three independent laboratories.

MAX Power's extensive land position in Saskatchewan, comprising approximately 1.3 million acres of permits with an additional 5.7 million acres under application, provides the company with substantial exploration ground prospective for natural hydrogen accumulations. The company's management believes this represents a scalable natural hydrogen opportunity that could contribute to global decarbonization efforts. Natural hydrogen, sometimes called white hydrogen, has gained increasing attention as a potentially clean energy source that occurs naturally in geological formations rather than being produced through industrial processes.

Beyond its natural hydrogen focus, MAX Power maintains a portfolio of properties in the United States and Canada targeting critical minerals. These include the company's 100%-owned Willcox Playa Lithium Project in southeast Arizona, where a 2024 diamond drilling program yielded discovery results. The company emphasizes its commitment to responsible exploration practices that prioritize environmental stewardship, community engagement, and strong corporate governance. Additional information about the company is available through its newsroom at https://ibn.fm/MAXXF.

The private placement transaction saw Hampton Securities Limited act as lead agent and sole bookrunner, facilitating the sale of 15,805,624 units at C$1.30 per unit. This financing represents a significant milestone for MAX Power as it seeks to establish itself as a leader in the emerging natural hydrogen sector. The company's approach combines traditional mineral exploration expertise with innovative energy resource development, positioning it at the intersection of two critical global trends: the transition to decarbonized energy systems and the growing demand for critical minerals essential for clean technologies.